Gold is surging to near $2,653, driven by geopolitical tensions in the Taiwan Strait and rising international concerns, as investors seek safe-haven assets.
China's broad stimulus package is anticipated to increase demand for gold, potentially pushing prices to new highs as it directly affects global gold demand.
Gold is nearing key resistance levels between $2,660 and $2,670, and breaching this point may indicate further gains amid ongoing geopolitical crises.
The global trend of lowering interest rates, especially with expected cuts by the European Central Bank, reinforces the support for gold prices in the current market.
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